monthly statistics package 201005.pdf · may 2010 . contact: laurie dawson, communications...

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Fraser Valley Real Estate Board Monthly Statistics Package May 2010

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Page 1: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

 

 

 

 

 

Fraser Valley Real Estate Board Monthly Statistics Package

May 2010

Page 2: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600 Fax: 604.930.7623 email: [email protected]

Fraser Valley Real Estate Board NEWS RELEASE

For immediate release: June 2, 2010

FRASER VALLEY BUYERS ENJOY ABUNDANT SELECTION (Surrey, BC) – Property buyers continued to see an increase in selection while sellers faced more competition as listings grew and sales decreased on Fraser Valley’s Multiple Listing Service® (MLS®) in May. The Fraser Valley Real Estate Board posted 1,477 sales in May, a decrease of 2 per cent compared to the 1,501 sales processed on the MLS® during May 2009. At the same time, the Board received 3,457 new listings, taking the number of active listings to 11,411, an increase of 14 per cent compared to the 10,047 listings available during May of last year. Deanna Horn, president of the Board, puts the numbers into context. “May’s sales were 16 per cent below our ten-year average, 1,760 sales for that month. Considering how busy the market has been in the last decade that represents solid sales activity, slower yes, but steady. “What’s changed most is the increase in inventory. The last time this many homes were available on Fraser Valley’s MLS® in May was in 1995.” Horn adds, “Tremendous selection allows buyers the luxury to find the right home, comparison shop and gives their REALTORS® the ability to negotiate hard on their behalf. “For sellers, getting specific advice about home values in your local neighbourhood is crucial in a competitive market.” In May, the benchmark price for Fraser Valley detached homes was $515,375, a 10.6 per cent increase compared to $465,939 in May 2009. The average number of days to sell a detached home in May was 43 days, one day faster than it was in May of last year. The benchmark price of Fraser Valley townhouses in May was $328,295, a 10.1 per cent increase compared to $298,308 in May 2009. Townhomes in May sold on average 27 days faster than they did a year ago – 39 days compared to 66 days in 2009. The benchmark price of apartments increased by 8.6 per cent year-over-year going from $232,170 in May 2009 to $252,221 in May 2010. The average days to sell in May for apartments in the Fraser Valley was 51 compared to 69 days during the same month last year.

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Information and photos of all Fraser Valley Real Estate Board listings can be found on the national, public web site www.REALTOR.ca. Further market statistics can be found on the Board’s web page at www.fvreb.bc.ca. The Fraser Valley Real Estate Board is an association of 2,989 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

Page 3: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

MLS® Summary - Fraser ValleyMay 2010

Grand Totals May-10 May-09 % change Apr-10 % change Grand Totals - year to date 2010 2009 % change

Sales 1,477 1,501 -1.6% 1,793 -17.6% Sales - year to date 6,991 4,855 44.0%

New Listings 3,457 2,797 23.6% 3,760 -8.1% New Listings - year to date 16,435 12,670 29.7%

Active Listings 11,411 10,047 13.6% 10,635 7.3%

Average Price 452,039$ 408,907$ 10.5% 448,274$ 0.8%

Residential Totals May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 779 779 0.0% 918 -15.1% 271 330 -17.9% 366 -26.0% 266 215 23.7% 299 -11.0%

New Listings 1,753 1,350 29.9% 1,969 -11.0% 528 492 7.3% 578 -8.7% 616 437 41.0% 647 -4.8%

Active Listings 5,175 4,321 19.8% 4,758 8.8% 1,331 1,358 -2.0% 1,230 8.2% 2,039 1,451 40.5% 1,892 7.8%

Benchmark Price 515,375$ 465,939$ 10.6% 520,423$ -1.0% 328,295$ 298,308$ 10.1% 326,367$ 0.6% 252,221$ 232,170$ 8.6% 249,453$ 1.1%

Median Price 525,000$ 477,350$ 10.0% 525,000$ 0.0% 330,000$ 299,000$ 10.4% 329,000$ 0.3% 222,500$ 209,500$ 6.2% 214,000$ 4.0%

Average Price 565,396$ 502,336$ 12.6% 559,511$ 1.1% 337,549$ 304,737$ 10.8% 343,838$ -1.8% 234,513$ 222,165$ 5.6% 223,802$ 4.8%

Abbotsford May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 111 129 14 0% 139 20 1% 33 56 41 1% 46 28 3% 46 46 0 0% 70 34 3%

Townhouse Apartment

Detached Townhouse Apartment

Detached

All Property Types All Property Types

Source: Fraser Valley Real Estate Board MLS Summary Page 1 of 3

Sales 111 129 -14.0% 139 -20.1% 33 56 -41.1% 46 -28.3% 46 46 0.0% 70 -34.3%

New Listings 236 211 11.8% 263 -10.3% 69 61 13.1% 65 6.2% 112 90 24.4% 123 -8.9%

Active Listings 810 638 27.0% 767 5.6% 197 185 6.5% 185 6.5% 424 276 53.6% 392 8.2%

Benchmark Price 431,987$ 400,849$ 7.8% 442,134$ -2.3% 284,598$ 258,537$ 10.1% 282,759$ 0.7% 220,475$ 199,537$ 10.5% 211,617$ 4.2%

Median Price 430,000$ 432,000$ -0.5% 444,000$ -3.2% 259,900$ 248,250$ 4.7% 290,500$ -10.5% 168,000$ 182,000$ -7.7% 165,000$ 1.8%

Average Price 459,734$ 443,978$ 3.5% 471,695$ -2.5% 278,873$ 252,553$ 10.4% 294,508$ -5.3% 178,310$ 180,516$ -1.2% 172,996$ 3.1%

Mission May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 42 40 5.0% 57 -26.3% 1 7 -85.7% 9 -88.9% 9 1 800.0% 7 28.6%

New Listings 102 87 17.2% 128 -20.3% 6 14 -57.1% 4 50.0% 7 5 40.0% 12 -41.7%

Active Listings 404 365 10.7% 388 4.1% 27 59 -54.2% 23 17.4% 37 31 19.4% 44 -15.9%

Benchmark Price 352,380$ 351,013$ 0.4% 354,307$ -0.5%

Median Price 357,500$ 340,000$ 5.1% 394,000$ -9.3% 218,000$ 220,000 -0.9% 220,000$ -0.9% 162,000$ 205,000$ -21.0% 183,000$ -11.5%

Average Price 360,647$ 347,130$ 3.9% 395,050$ -8.7% 218,000$ 233,928 -6.8% 234,255$ -6.9% 182,977$ 205,000$ -10.7% 208,857$ -12.4%

Detached ApartmentTownhouse

Source: Fraser Valley Real Estate Board MLS Summary Page 1 of 3

Page 4: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

MLS® Summary - Fraser ValleyMay 2010

White Rock / South Surrey May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 105 104 1.0% 123 -14.6% 33 50 -34.0% 46 -28.3% 60 49 22.4% 52 15.4%

New Listings 230 173 32.9% 312 -26.3% 72 62 16.1% 79 -8.9% 138 69 100.0% 114 21.1%

Active Listings 706 567 24.5% 661 6.8% 155 169 -8.3% 132 17.4% 420 298 40.9% 380 10.5%

Benchmark Price 768,670$ 642,337$ 19.7% 763,056$ 0.7% 466,913$ 406,382$ 14.9% 470,138$ -0.7% 329,278$ 317,730$ 3.6% 324,480$ 1.5%

Median Price 770,000$ 645,000$ 19.4% 802,000$ -4.0% 422,900$ 380,000$ 11.3% 435,000$ -2.8% 294,000$ 272,500$ 7.9% 282,500$ 4.1%

Average Price 887,347$ 688,918$ 28.8% 859,663$ 3.2% 456,175$ 393,577$ 15.9% 505,017$ -9.7% 316,445$ 297,401$ 6.4% 294,470$ 7.5%

Langley May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 108 148 -27.0% 125 -13.6% 52 62 -16.1% 74 -29.7% 42 39 7.7% 49 -14.3%

New Listings 269 194 38.7% 230 17.0% 122 95 28.4% 113 8.0% 107 79 35.4% 89 20.2%

Active Listings 621 511 21.5% 519 19.7% 273 257 6.2% 227 20.3% 277 233 18.9% 239 15.9%

Benchmark Price 522,233$ 475,516$ 9.8% 523,065$ -0.2% 330,855$ 298,485$ 10.8% 326,486$ 1.3% 244,456$ 227,410$ 7.5% 245,823$ -0.6%

Median Price 510,000$ 483,000$ 5.6% 519,000$ -1.7% 324,000$ 284,000$ 14.1% 326,000$ -0.6% 224,000$ 203,000$ 10.3% 219,900$ 1.9%

Average Price 532,296$ 484,167$ 9.9% 521,762$ 2.0% 332,249$ 289,027$ 15.0% 334,640$ -0.7% 224,826$ 206,364$ 8.9% 216,521$ 3.8%

Delta North May 10 May 09 % change Apr 10 % change May 10 May 09 % change Apr 10 % change May 10 May 09 % change Apr 10 % change

Apartment

ApartmentDetached Townhouse

Detached Townhouse

Detached Townhouse Apartment

Source: Fraser Valley Real Estate Board MLS Summary Page 2 of 3

Delta - North May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 53 56 -5.4% 75 -29.3% 4 14 -71.4% 3 33.3% 4 4 0.0% 5 -20.0%

New Listings 88 72 22.2% 142 -38.0% 8 17 -52.9% 9 -11% 6 2 200.0% 15 -60.0%

Active Listings 232 178 30.3% 220 5.5% 21 22 -4.5% 25 -16.0% 28 13 115.4% 28 0.0%

Benchmark Price 529,607$ 472,234$ 12.1% 536,533$ -1.3%

Median Price 480,500$ 455,000$ 5.6% 474,900$ 1.2% 305,000 349,900 -12.8% 192,500 58.4% 130,000$ 177,000$ -26.6% 232,000$ -44.0%

Average Price 517,083$ 480,119$ 7.7% 526,944$ -1.9% 324,475 352,842 -8.0% 251,666 28.9% 168,475$ 207,500$ -18.8% 249,647$ -32.5%

Source: Fraser Valley Real Estate Board MLS Summary Page 2 of 3

Page 5: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

MLS® Summary - Fraser ValleyMay 2010

Surrey - Combined* May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 360 302 19.2% 399 -9.8% 148 141 5.0% 188 -21.3% 105 76 38.2% 116 -9.5%

Average Price 545,003$ 496,593$ 9.7% 539,018$ 1.1% 327,204$ 299,606$ 9.2% 326,808$ 0.1% 223,125$ 207,974$ 7.3% 225,646$ -1.1%

*Central Surrey, Cloverdale and North Surrey

Surrey - Central May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 177 149 18.8% 201 -11.9% 83 80 3.8% 108 -23.1% 31 18 72.2% 38 -18.4%

New Listings 492 353 39.4% 525 -6.3% 135 144 -6.3% 170 -20.6% 55 51 7.8% 100 -45.0%

Active Listings 1,455 1,218 19.5% 1,293 12.5% 377 396 -4.8% 368 2.4% 211 161 31.1% 201 5.0%

Benchmark Price 522,229$ 479,034$ 9.0% 532,477$ -1.9% 325,903$ 299,487$ 8.8% 323,137$ 0.9%

Median Price 525,000$ 480,000$ 9.4% 513,000$ 2.3% 339,900$ 302,000$ 12.5% 345,000$ -1.5% 200,000$ 212,000$ -5.7% 220,000$ -9.1%

Average Price 540,155$ 490,757$ 10.1% 537,033$ 0.6% 329,475$ 305,742$ 7.8% 337,639$ -2.4% 208,162$ 198,388$ 4.9% 218,255$ -4.6%

Surrey - Cloverdale May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 93 75 24.0% 107 -13.1% 48 40 20.0% 45 6.7% 8 6 33.3% 7 14.3%

New Listings 153 106 44.3% 141 8.5% 75 62 21.0% 91 -17.6% 24 9 166.7% 31 -22.6%

Active Listings 353 300 17 7% 332 6 3% 160 137 16 8% 157 1 9% 82 46 78 3% 79 3 8%

Apartment

Townhouse Apartment

Detached Townhouse

Detached

Detached Townhouse Apartment

Source: Fraser Valley Real Estate Board MLS Summary Page 3 of 3

Active Listings 353 300 17.7% 332 6.3% 160 137 16.8% 157 1.9% 82 46 78.3% 79 3.8%

Benchmark Price 551,050$ 495,890$ 11.1% 557,524$ -1.2%

Median Price 562,000$ 478,000$ 17.6% 557,500$ 0.8% 347,000$ 315,000$ 10.2% 328,000$ 5.8% 253,000$ 229,000$ 10.5% 248,000$ 2.0%

Average Price 570,489$ 491,929$ 16.0% 565,580$ 0.9% 340,716$ 313,930$ 8.5% 336,801$ 1.2% 263,650$ 280,840$ -6.1% 267,857$ -1.6%

Surrey - North May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change May-10 May-09 % change Apr-10 % change

Sales 90 78 15.4% 91 -1.1% 17 21 -19.0% 35 -51.4% 66 52 26.9% 71 -7.0%

New Listings 183 154 18.8% 222 -17.6% 39 37 5.4% 47 -17.0% 165 131 26.0% 163 1.2%

Active Listings 587 540 8.7% 568 3.3% 117 132 -11.4% 111 5.4% 550 391 40.7% 520 5.8%

Benchmark Price 493,068$ 431,701$ 14.2% 492,783$ 0.1% 278,440$ 264,832$ 5.1% 279,909$ -0.5% 245,685$ 221,419$ 11.0% 247,838$ -0.9%

Median Price 445,000$ 470,000$ -5.3% 449,000$ -0.9% 272,000$ 230,000$ 18.3% 280,000$ -2.9% 218,000$ 201,250$ 8.3% 213,000$ 2.3%

Average Price 528,199$ 512,224$ 3.1% 512,170$ 3.1% 277,964$ 248,947$ 11.7% 280,536$ -0.9% 225,240$ 202,884$ 11.0% 225,440$ -0.1%

Detached Townhouse Apartment

Source: Fraser Valley Real Estate Board MLS Summary Page 3 of 3

Page 6: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

Housing Price Index - Fraser ValleyMay 2010

BENCHMARK INDEX ONE MONTH THREE MONTH SIX MONTH ONE YEAR THREE YEAR FIVE YEARPRICE (HPI) % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE

RESIDENTIAL FRASER VALLEY BOARD 456,626 223.4 -0.8 1.4 4.1 10.2 3.6 42.6

DETACHED FRASER VALLEY BOARD 515,375 219.6 -1.0 1.4 3.6 10.6 4.7 41.5

NORTH DELTA 529,607 233.4 -1.3 -0.4 6.8 12.1 8.6 46.6 NORTH DELTA ANNIEVILLE 464,117 229.8 -0.4 0.0 3.1 5.9 10.6 40.2 NORTH DELTA NORDEL 544,956 234.6 1.0 1.7 8.1 16.5 6.1 44.1 NORTH DELTA SCOTTSDALE 480,652 239.3 3.9 1.6 3.8 13.0 5.8 52.1 NORTH DELTA SUNSHINE HILLS & WOODS 631,198 222.3 -8.6 -4.5 11.7 12.7 12.0 49.1

NORTH SURREY 493,068 214.5 0.1 4.1 3.6 14.2 4.2 46.6 NORTH SURREY BOLIVAR HEIGHTS 405,367 205.4 2.7 3.6 1.3 16.1 0.4 40.2 NORTH SURREY CEDAR HILLS 433,170 227.6 -1.4 1.7 3.2 10.3 6.4 51.8 NORTH SURREY FRASER HEIGHTS 713,684 212.2 -0.2 4.1 4.9 14.5 7.4 52.6 NORTH SURREY GUILDFORD 464,131 212.2 -0.8 3.7 -2.5 11.3 2.3 37.2 NORTH SURREY OTHER 417,345 216.9 -0.2 6.7 9.0 17.2 3.3 47.8

SURREY 522,229 217.1 -1.9 1.4 3.1 9.0 3.5 41.4 SURREY BEAR CREEK GREEN TIMBERS 518,334 210.0 -0.4 1.1 5.0 8.0 1.0 40.8 SURREY EAST NEWTON 509,569 220.4 -1.5 1.2 1.0 8.0 5.6 39.0 SURREY FLEETWOOD TYNEHEAD 566,158 210.6 -3.1 0.6 1.2 8.8 4.5 43.2 SURREY PANORAMA RIDGE SULLIVAN 585,484 212.9 -2.1 -1.0 0.0 6.6 2.2 34.8

© Fraser Valley Real Estate BoardAll indices equal 100 in 2001. An index of 120 indicates a 20% increase in price since 2001 HPI Summary Page 1 of 2

SURREY PANORAMA RIDGE SULLIVAN 585,484 212.9 2.1 1.0 0.0 6.6 2.2 34.8 SURREY QUEEN MARY PARK 461,178 216.2 0.3 3.0 7.7 9.7 4.8 44.2 SURREY WEST NEWTON 489,661 218.2 -3.7 3.3 4.0 12.3 2.8 43.9CLOVERDALE 551,050 216.6 -1.2 1.9 3.8 11.1 7.5 44.5

SOUTH SURREY & WHITE ROCK 768,670 233.2 0.7 4.2 6.1 19.7 9.5 42.9 SOUTH SURREY CRESCENT BCH OCEAN PRK 848,515 274.3 7.3 17.0 15.3 27.2 18.9 49.2 SOUTH SURREY ELGIN CHANTRELL 1,300,511 258.5 5.4 10.0 20.1 27.3 26.4 68.3 SOUTH SURREY KING GEORGE CORRIDOR 568,093 213.6 -2.9 -1.6 3.5 16.1 6.2 35.9 SOUTH SURREY SOUTH-EAST 971,062 211.2 -1.5 0.9 2.0 14.4 7.6 44.1 SOUTH SURREY SUNNYSIDE PARK 694,707 209.5 -2.2 1.8 1.5 13.3 6.0 34.5 SOUTH SURREY WHITE ROCK 643,341 219.8 -2.2 -3.1 -2.7 17.9 -1.8 34.9

LANGLEY 522,233 211.7 -0.2 -0.2 0.7 9.8 4.3 41.0 LANGLEY ALDERGROVE 421,169 212.8 -5.7 -3.7 1.2 8.2 2.1 30.5 LANGLEY CITY MURRYVL WILLOBY BRKSWD 538,058 226.7 2.0 2.9 1.9 8.8 5.1 45.2 LANGLEY WALNUT GROVE 555,019 199.4 -0.9 -3.6 -1.7 12.7 4.0 39.4

© Fraser Valley Real Estate BoardAll indices equal 100 in 2001. An index of 120 indicates a 20% increase in price since 2001 HPI Summary Page 1 of 2

Page 7: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

Housing Price Index - Fraser ValleyMay 2010

BENCHMARK INDEX ONE MONTH THREE MONTH SIX MONTH ONE YEAR THREE YEAR FIVE YEARPRICE (HPI) % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE

DETACHED ABBOTSFORD 431,987 217.0 -2.3 1.2 3.4 7.8 5.2 38.0continued ABBOTSFORD CENTRAL POPLAR 374,273 210.9 -8.9 -1.2 -0.4 4.3 6.8 35.0

ABBOTSFORD EAST 465,556 212.9 -3.2 -0.8 3.8 6.2 2.5 36.5 ABBOTSFORD WEST 433,104 224.3 2.6 4.7 5.1 11.4 7.1 41.4

MISSION 352,380 209.1 -0.5 -2.4 2.7 0.4 -6.0 30.0

TOWNHOUSE FRASER VALLEY BOARD 328,295 208.7 0.6 1.1 3.9 10.1 4.5 39.7

NORTH SURREY GUILDFORD 278,440 238.6 -0.5 -4.0 -1.0 5.1 -0.6 39.1SURREY 325,903 202.3 0.9 1.5 3.2 8.8 3.8 42.4 SURREY FLEETWOOD 371,745 198.3 1.1 2.4 3.9 14.1 6.8 45.4 SURREY OTHER 307,499 204.1 0.7 1.1 2.9 6.6 2.5 41.1SOUTH SURREY & WHITE ROCK 466,913 197.3 -0.7 0.2 6.2 14.9 5.4 33.8LANGLEY 330,855 210.0 1.3 2.8 5.4 10.8 8.3 39.4ABBOTSFORD 284,598 210.2 0.7 1.4 4.1 10.1 2.8 40.5

APARTMENT FRASER VALLEY BOARD 252,221 272.2 1.1 2.6 6.9 8.6 2.6 66.3

NORTH SURREY 245,685 287.1 -0.9 2.9 5.3 11.0 1.5 84.4

© Fraser Valley Real Estate BoardAll indices equal 100 in 2001. An index of 120 indicates a 20% increase in price since 2001 HPI Summary Page 2 of 2

NORTH SURREY 245,685 287.1 0.9 2.9 5.3 11.0 1.5 84.4 NORTH SURREY WHALLEY 250,885 316.6 3.7 6.6 10.0 15.8 -1.9 98.7 NORTH SURREY GUILDFORD 241,231 262.9 -4.7 -0.2 1.3 6.9 4.6 72.7SOUTH SURREY WHITE ROCK 329,278 241.8 1.5 -0.1 9.3 3.6 -1.2 54.3LANGLEY 244,456 240.0 -0.6 1.9 4.6 7.5 5.6 53.6ABBOTSFORD 220,475 302.8 4.2 4.6 8.7 10.5 4.4 65.3

ACREAGE FRASER VALLEY BOARD 776,802 229.7 -6.1 -0.9 6.2 8.7 -7.3 25.0

SURREY, CLOVERDALE & N. SURREY 883,931 248.6 6.4 3.0 19.1 9.0 0.5 27.1SOUTH SURREY & WHITE ROCK 1,045,018 264.4 7.5 -1.2 20.7 16.7 1.3 27.5LANGLEY 903,025 259.6 -9.0 5.4 6.4 13.4 -3.0 38.6ABBOTSFORD 596,214 169.1 -12.3 -10.1 0.7 -6.4 -23.8 -5.0MISSION 520,851 210.1 -12.7 -8.8 -7.8 6.5 -13.4 21.7

© Fraser Valley Real Estate BoardAll indices equal 100 in 2001. An index of 120 indicates a 20% increase in price since 2001 HPI Summary Page 2 of 2

Page 8: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

Sales, Listings & Active Inventory, All Types, Fraser Valley

Actives Listings Sales

14,000

Sales, Listings & Active Inventory, All Types, Fraser Valley

Actives Listings Sales

10,000

12,000

14,000

Sales, Listings & Active Inventory, All Types, Fraser Valley

Actives Listings Sales

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Sales, Listings & Active Inventory, All Types, Fraser Valley

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Page 9: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

Sellers Market

Balanced Market20

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Sales-to-Active Listings Ratio, All Types, Fraser Valley

Sellers Market

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Buyers Market

Ratio in May: 13%

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Page 10: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

Housing Price Index, Fraser Valley

HPI - Detached HPI -Townhouse HPI - Apartment

250

275

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Housing Price Index, Fraser Valley

HPI - Detached HPI -Townhouse HPI - Apartment

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225

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alue

Housing Price Index, Fraser Valley

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200

225

250

275

300

Pric

e In

dex

valu

e

Housing Price Index, Fraser Valley

HPI - Detached HPI -Townhouse HPI - Apartment

75

100

125

150

175

200

225

250

275

300

Hou

sing

Pric

e In

dex

valu

e

Housing Price Index, Fraser Valley

HPI - Detached HPI -Townhouse HPI - Apartment

25

50

75

100

125

150

175

200

225

250

275

300

Hou

sing

Pric

e In

dex

valu

e

Housing Price Index, Fraser Valley

HPI - Detached HPI -Townhouse HPI - Apartment

0

25

50

75

100

125

150

175

200

225

250

275

300

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Hou

sing

Pric

e In

dex

valu

e

Housing Price Index, Fraser Valley

HPI - Detached HPI -Townhouse HPI - Apartment

0

25

50

75

100

125

150

175

200

225

250

275

300

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Hou

sing

Pric

e In

dex

valu

e

Housing Price Index, Fraser Valley

HPI - Detached HPI -Townhouse HPI - Apartment

Page 11: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

Benchmark Price, By Type, Fraser Valley

Apartment Townhouse Detached

$600,000

Benchmark Price, By Type, Fraser Valley

Apartment Townhouse Detached

$500,000

$600,000

Benchmark Price, By Type, Fraser Valley

Apartment Townhouse Detached

$300,000

$400,000

$500,000

$600,000

Benchmark Price, By Type, Fraser Valley

Apartment Townhouse Detached

$200,000

$300,000

$400,000

$500,000

$600,000

Benchmark Price, By Type, Fraser Valley

Apartment Townhouse Detached

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Benchmark Price, By Type, Fraser Valley

Apartment Townhouse Detached

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Benchmark Price, By Type, Fraser Valley

Apartment Townhouse Detached

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Benchmark Price, By Type, Fraser Valley

Apartment Townhouse Detached

Page 12: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

Average Price, residential detached homes, all Fraser Valley

$600,000

Average Price, residential detached homes, all Fraser Valley

$400,000

$500,000

$600,000

Average Price, residential detached homes, all Fraser Valley

$300,000

$400,000

$500,000

$600,000

Average Price, residential detached homes, all Fraser Valley

$200,000

$300,000

$400,000

$500,000

$600,000

Average Price, residential detached homes, all Fraser Valley

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Average Price, residential detached homes, all Fraser Valley

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Average Price, residential detached homes, all Fraser Valley

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Average Price, residential detached homes, all Fraser Valley

Page 13: Monthly Statistics Package 201005.pdf · May 2010 . Contact: Laurie Dawson, Communications Coordinator Fraser Valley Real Estate Board, 15463 104 Avenue, Surrey, BC V3R 1N9 Tel: 604.930.7600

Annual Sales, New Listings, Average Price; All Property Types; Fraser Valley

Sales New Listings Average Price

$400 000

$450,000

$500,000

35,000

40,000

Annual Sales, New Listings, Average Price; All Property Types; Fraser Valley

Sales New Listings Average Price

$350,000

$400,000

$450,000

$500,000

25,000

30,000

35,000

40,000

Annual Sales, New Listings, Average Price; All Property Types; Fraser Valley

Sales New Listings Average Price

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

20,000

25,000

30,000

35,000

40,000

Annual Sales, New Listings, Average Price; All Property Types; Fraser Valley

Sales New Listings Average Price

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Annual Sales, New Listings, Average Price; All Property Types; Fraser Valley

Sales New Listings Average Price

$-

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Annual Sales, New Listings, Average Price; All Property Types; Fraser Valley

Sales New Listings Average Price

$-

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Annual Sales, New Listings, Average Price; All Property Types; Fraser Valley

Sales New Listings Average Price